RE: Gold7 Apr 2026 17:08
Banbury 15:43 thank you. In theory you are correct that shares can not be issued below nominal value but in practice they can be.
The company just has to expense that discount. Par value 10,000- cash received 5,000 expense 5,000
For RRR this is a moot point AB/RRR is borrowing money, its a debt, charge a very high interest, accrue large interest amounts and then covert into shares.
The debt is so high that current shareholder would probably end up with less 10% Creditors dont want shares they want to get paid.